Robert Kiyosaki tweets on the 15th of October that he now prefers Bitcoin, as well as top precious metals such as gold and silver, rather than real estate, and he suggests that his followers do the same. According to the tweet, the reasons for this were explained in his book that was published in 2020, the title of which actually includes the most prominent cryptocurrency, and it is titled “Capitalist Manifesto: Money for Nothing-Silver, Gold, and Bitcoin.”
In that book, as he reminded the audience on Twitter, he described the fact that investing in real estate had become a lot more difficult since the year 2020, due to the newly elected US government’s plan to raise taxes on property and implement rent control. In addition, he mentioned that the US housing market had become a lot more unstable. In addition, he added that the rises in interest rates that have been happening very often this year would result in a decline in the value of real estate holdings.
Robert Kiyosaki’s tweet:
Kiyosaki said in a previous tweet that Bitcoin is now becoming more significant than it has ever been since the economy in the United States is collapsing, stock markets are heading in the same way, and unemployment and pensions are both on the rise. He went on to say that using Bitcoin at this time would not save one’s income, but it may safeguard one’s wealth. Overall, Kiyosaki asserts that he has been predicting the current economic crash since the 1990s. He further states that the current situation was fueled during the 2008 financial crisis, when the United States government began printing money, and that it printed more than $6 trillion USD in 2020, when the pandemic began, hitting everything and everyone.
In addition, the author has recently discussed an additional reason for his interest in Bitcoin, and that is the fact that US pension funds have started investing in the flagship cryptocurrency. At press-time, BTC is changing hands at $19,138, according to CoinMarketCap data.
Robert Kiyosaki is the author of the best-selling book “Rich Dad, Poor Dad,” which is a guide to personal finance. Kiyosaki is well-known for amassing a fortune from investments in real estate throughout the 1990s and again after the mortgage crisis in 2008. He is also one of the co-founders of the Rich Dad company, and his Cashflow series is what brought him the most fame. He had previously predicted that the value of one Bitcoin would continue to rise until it reaches a price of around $1.2 million, at which point it would become the most valuable currency in the world.
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